Summary
- Data from a Bitcoin pricing model based on an on-chain indicator suggests that $77,600 may be the level where the asset will see its next peak.
- The Market Value to Realized Value (MVRV) Pricing Bands model could provide hints about the cryptocurrency’s future.
- The MVRV ratio compares the Bitcoin market cap and realized cap to determine investor value.
- The next major pricing band in the model corresponds to around $77,600, where previous local tops have formed for BTC.
